Islamic Finance

Abu Dhabi – Mubasher: Dana Gas on Thursday announced that it rejected the settlement proposal submitted by sukuk holders on Wednesday, according to Aaron Reedy, the financial advisor. The proposal required the company to pay $300 million to sukuk …

By: Amr Adel Dubai - Mubasher: Union Properties’ (UP) chairman Nasser Butti Omeir bin Yousef said on Monday that his company may issue sukuk to finance the construction of its AED 8 billion new property development Motor City. “The company has …

Dubai - Mubasher: Emirates NBD Asset Management on Sunday announced that it has been appointed by Al Hilal Takaful to manage three risk-graded Sharia-compliant investment strategies. Through Emirates NBD Asset Management’s range of Sharia …

Mubasher: Warba Bank is holding talks with other banks to enter the loans market through issuing a 3-year Islamic facility worth $200 million. The bank aims at expanding its international investments after the positive results in the first half of …

Riyadh – Mubasher: The subscription requests of investors for the second issue of Saudi's domestic sukuk programme has been closed, with the total amount exceeding SAR 38 billion, the Ministry of Finance (MoF) said. The subscription’s coverage …

Dubai - Mubasher: The Dubai Gold and Commodities Exchange (DGCX) has reached an agreement with Ayedh Dejem Group to launch the first Sharia compliant Spot Gold contract in the Middle East, to be traded on an international exchange. According to an …

Riyadh – Mubasher: The second issue of Saudi Arabia's domestic sukuk programme will be offered during the next week, namely on Sunday, 20 August, subject to market conditions, the Saudi Ministry of Finance (MoF), represented by the Debt Management …

Abu Dhabi – Mubasher: Dana Gas’ board approved its compliance with the English Court’s order of submitting an application to the Sharjah Federal Court in order to discharge the Sharjah injunction, according to a bourse statement. This follows the …